Sirius Shipping Ab

What Sirius Shipping Ab does

Sirius Shipping AB is a privately held, family-owned tanker shipping company founded in 1994 by the Backman family on the island of Donsö in Sweden's Gothenburg archipelago. The company provides full-service maritime transport of oil products, biofuels, chemicals, and LNG in Northern Europe, operating 11 product/chemical tankers ranging from 4,514 to 15,000 DWT, 2 LNG vessels (LNGC Coralius and LNG feeder Seagas), and 3 additional product/chemical tankers under commercial management. Its technology platform is a modern, in-house managed fleet designed for high safety, ICE Class 1A operations, and emissions performance materially ahead of regulation, anchored by the "Pathway to Zero" sustainability initiative that adds seven newbuildings through 2028: one 7,800 m3 LNG/Bio-LNG bunker vessel (Celsius) with a 27.7 MW gas combustion unit, two 15,000 DWT methanol-prepared product/chemical tankers, and four 7,999 DWT product/chemical tankers with hybrid battery and 1,000 kW shore power systems. Newbuilds are designed to achieve EEDI values 40–51% below 2025 Phase III requirements and integrate WE Tech Solutions hybrid shaft generators and Manta Marine Technologies FuelOpt JIT arrival systems (up to 10% fuel savings) on six existing vessels plus newbuilds.

The company generates revenue primarily through long-term time charter agreements with enterprise energy customers, with the visible anchor relationships being a multi-decade LNG and Bio-LNG bunkering joint venture with Gasum (dating to 2012, now extending through the Celsius vessel) and a renewable feedstock and fuels charter portfolio with Preem (MT Olympus since 2023 plus two new Evolution 15K vessels). Distribution is direct enterprise sales with high customization, supported by in-house chartering (Sirius Chartering) and ship agency (Sirius Agency) affiliates. The customer mix is concentrated in energy and refining majors operating in Northern Europe, with a sustainability-driven value proposition aligned to EU FuelEU Maritime and Fit for 55 regulation; the firm has earned a Top 10 RISK4SEA Port State Control performer ranking in the Medium PSCI Pool and was recognized as Shipping Company of the Year in 2023 by industry peers.

Name

Sirius Shipping Ab

Legal name

Sirius Shipping AB

Website

https://siriusshipping.eu

Company type

Private

Founded year

1994

Operating status

Operating

Short description

Sirius Shipping AB is a family-owned Swedish tanker shipping company providing full-service maritime transport of oil products, biofuels, chemicals, and LNG in Northern Europe via 13 owned vessels, with seven newbuildings due through 2028.

Ownership category

akta.pro rank

Product category

Maritime Transport Services

NAICS

Water Transportation (483), Coastal and Great Lakes Freight Transportation (483113)

SIC

Water Transportation (4400)

akta.pro primary industry

LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC)

Keywords

• Tanker shipping services
• Maritime transport solutions
• LNG bunkering services
• Chemical tanker operations
• Product tanker fleet

Headquarters

HQ city

Donsö

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Maritime Transport Services: Full-service maritime transport solutions providing transportation of oil products, biofuels, chemicals, and LNG in Northern Europe. Revenue generated through time charter agreements with long-term customers.
2. LNG Bunkering Services: LNG and Bio-LNG bunker vessel operations servicing LNG-fuelled vessels in Northwestern European area. Joint venture with Gasum for logistics network.
3. Commercial Fleet Management: Operating additional product/chemical tankers under commercial management for third parties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sirius Shipping operates a full-service tanker shipping business providing maritime transport of oil products, biofuels, chemicals, and LNG in Northern Europe. The company delivers these services through time charter agreements with long-term enterprise customers using a fleet of 11 product/chemical tankers and 2 LNG vessels, supplemented by LNG and Bio-LNG bunkering operations and commercial fleet management for third-party owners.

Product overview

Sirius Shipping Ab operates as a full-service maritime transport company providing efficient, safe, and sustainable transport solutions for oil products, biofuels, chemicals, and LNG in Northern Europe. The company operates two core service lines: (1) a fleet of 11 product/chemical tankers and 2 LNG vessels (including LNGC Coralius, LNGF Seagas, M/T Saturnus, Mercurius, Donia, Nimbus, Tellus, Neptunus, Nautilus, and Lotus), and (2) a newbuilding program called Pathway to Zero encompassing three vessel series under development - the Pathway to Zero Flexi LNG 7800 m3 (LNG bunker vessel with hybrid battery, delivery 2027), Pathway to Zero 15K oil/chemical tankers (15,000 DWT, methanol-prepared, delivery 2026), and Pathway to Zero 8K oil/chemical tankers (7,999 DWT with hybrid battery and shore connection, delivery 2027-2028). The company also maintains affiliated companies for chartering (Sirius Chartering) and agency services (Sirius Agency). The Sirius standard represents the company's quality commitment across all operations.

Differentiator

Problem solved

Functional benefit

Brands

• Pathway to Zero: Sirius's commitment and pathway to zero emissions, representing their long-term goal of achieving zero emissions through fleet renewal and sustainable shipping solutions.

Products and services

• Maritime Transport Services Full-service maritime transport of oil products, biofuels, chemicals, and LNG in Northern Europe, delivered via long-term time charter agreements with enterprise customers such as Preem. The service leverages 11 product/chemical tankers and 2 LNG vessels, supported by full in-house shore management.
• LNG and Bio-LNG Bunkering Services Bunker vessel operations supplying LNG and Bio-LNG fuel to LNG-powered vessels in Northwestern Europe. Includes a joint venture with Gasum operating the Flexi LNG 7800 m3 vessel Celsius, providing bunker logistics and cool down / warming up services through a 27.7 MW gas combustion unit.
• Commercial Fleet Management

Quantifiable outcome

• EEDI 40-51% below 2025 Phase III requirements across newbuild fleet
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and major.

• GasumcoreStrategic or Co-development Partner · 17 February 2025Joint venture for 7800m3 LNG and Bio-LNG bunker vessel (Celsius) being built at RMK Marine. Collaboration began in 2012 and continues for decades. Gasum is a Nordic gas sector and energy market expert providing cleaner fuel solutions for maritime transport. The vessel is part of Gasum's strategy to secure LNG and bio-LNG availability in Northwestern Europe.
• RMK MarinecoreImplementation/ SI/ Consulting Partner · 7 January 2025Turkish shipyard building Flexi LNG 7800m3 vessel (Celsius) for joint venture with Gasum. Delivery summer 2027. Leading shipyard with expertise in alternative fuel propulsion solutions. Member of Koç Group.
• China Merchants Jinling Shipyard (Dingheng)coreImplementation/ SI/ Consulting Partner · 29 November 2024Shipyard for Evolution 8K series - four 7999 DWT oil/chemical tankers with delivery in 2027 and 2028. Vessels equipped with hybrid batteries and shore power capability.
• FKABmajorTechnology or Integration · 29 November 2024Vessel design partner for Evolution series tankers. FKAB collaborates with Sirius on design incorporating latest technology for sustainability, efficiency, and safety.
• WE Tech SolutionscoreTechnology or Integration · 23 August 2024Order for hybrid electric systems (Solution Four) for Evolution 15K vessels - battery hybrid shaft generator solution enabling variable speed propulsion and optimal duty points. Reduces need for auxiliary engines during sailing, creates fuel savings and reduces emissions.
• Manta Marine TechnologiescoreTechnology or Integration · 20 August 2024Order for FuelOpt systems on Evolution 15K vessels for Just-in-Time Arrival optimization. Existing relationship with FuelOpt installed on six existing vessels. System ensures target speed compliance and reduces early arrivals and wait times, providing up to 10% fuel savings.
• PreemcoreChannel Partner/ Reseller/ Distributor · 14 June 2024Long-term cooperation for transportation of renewable feedstock and fuels. Two Evolution 15K vessels to be chartered by Preem for sustainable marine transportation of renewable raw materials and refined products. MT Olympus time chartered since 2023.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Concordia Maritime: Swedish product and chemical tanker operator (Stena-related) with P-MAX and other vessel classes serving Northern European routes. Highly comparable in vessel type and regional focus, though publicly listed via parent structure.
• Furetank: Swedish product tanker operator focused on Northern European coastal and Baltic chemical/product trade. Closely comparable in vessel size range (small/medium tankers), regional operating model, and family-influenced ownership structure.
• Ektank: Norwegian chemical tanker operator with similar small/medium vessel focus and Northern European geographic coverage. Direct competitor in the regional chemical tanker segment with comparable cargo flexibility and customer base.
• Terntank: Swedish family-owned tanker operator specializing in small/medium product and chemical tankers in Northern European and Baltic trade. Direct peer with similar Donsö-rooted heritage, vessel size profile, and regional Northern European focus.
• Erik Thun: Swedish family-owned shipping company operating small/medium product tankers in Northern Europe. Comparable regional focus, vessel class mix, and family-influenced management approach.
• Mårten Langa: Norwegian coastal product tanker operator focused on Northern European short-sea chemical and product trades. Comparable in vessel size profile, regional concentration, and niche short-sea tanker positioning.

Broad incumbents

• Stolt-Nielsen: Global chemical tanker leader with ~80+ deep-sea chemical tankers plus tank container operations. Much larger scale and global reach; sets pricing benchmark for chemical tanker segment and offers Sirius's customers alternative capacity.
• Stena Bulk: Major Swedish tanker operator with a fleet of ~90+ product, chemical, and MR tankers globally. Much larger scale with broader geographic reach and IMO II MR tanker focus; competes for the same Northern European customers and talent pool.
• Hafnia: Danish publicly-listed product tanker operator with ~200+ vessels globally. Significantly larger scale with global route network and pooling arrangements; sets benchmark charter rates that affect Sirius's contract negotiations.
• Odfjell: Norwegian chemical tanker specialist with ~100 stainless steel chemical tankers globally. Broader chemical tanker portfolio and global network; competes for the same Nordic chemical industry customers (e.g., Preem-adjacent).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/siriusshipping
• Facebookfacebook.com/siriusshippingab

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sirius Shipping Ab